UK water firm gives US$1.35 million payout to finance boss despite massive debt
Thames Water has handed a delayed £1 million (US$1.35 million) “golden handshake” payment to its chief financial officer and agreed controversial retention payouts to top bosses despite its battle to secure its financial future. The stricken supplier, which is sinking under a debt pile of more than £20 billion, disclosed in a letter to the Environmental, Food and Rural Affairs Committee that it…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
